AYE FINANCE

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• Aye Finance appoints 3 independent directors

  Aye said Gupta has served as the MD and CEO of PNB Housing Finance, while Bhal is the Modi Chair Professor at the Department of Management Studies at IIT Delhi.

  

• Aye Finance posts Rs 38.67 crore profit in Q1 of FY24

  "Our innovative approach, coupled with responsible lending practices and efficient processes across all verticals, continues to fuel our success in serving micro enterprises," said Sanjay Sharma, founder and managing director, Aye Finance.

  

• Aye Finance allocates Rs 100cr for credit to women micro enterprises

  Aye said it has developed Shakti Loan in collaboration with CGAP, a global partnership of more than 30 leading development organisations, including the World Bank, UNDP, and Mastercard Foundation, which works to advance the lives of poor people, especially women, through financial inclusion.

  

• Aye Finance allocates Rs 100 cr for credit to women micro enterprises

  Since its inception, the lender said it has enabled the financial inclusion of over 6.5 lakh micro businesses having disbursed over Rs 7,000 crore to them.

  

• Sanjay Sharma of Aye Finance on challenges in Co-lending

  Watch a quick chat with Sanjay Sharma, MD and CEO of Aye Finance, where he talks about the opportunity and challenges co-lending model brings and how they can be dealt with.

  

• Aye Finance raises USD 10 million through ECB from ResponsAbility Investments

  Mumbai, Dec 1 (PTI) Micro business-focused Aye Finance has raised USD 10 million in external commercial borrowings from Swiss-based ResponsAbility Investments. Aye is backed by CapitalG, Elevation Capital, Light Rock, Alpha Wave, A91 Partners and MAJ Invest.

  

• ‘MSME growth projection encouraging, KYC documentation remains a challenge’: MD, Aye FInance

  Crisil said the bank credit to MSMEs is expected to grow at a ‘reasonable clip’ of 16-18 per cent during current fiscal and FY24. RBI had also said that credit to MSMEs as on 30 September 2022 was 27% higher than the previous year. In an interaction with ETBFSI, MD of Aye Finance, which has been financed Rs 87 crore from BlueOrchard, shared his views on the projection as well as his upcoming plans:

  

• Aye Finance raises Rs 87 crore from Swiss impact investor BlueOrchard

  Fintech lender Aye Finance has raised Rs 87 crore debt funding from Swiss impact investor BlueOrchard and it will use the proceeds to expand finance to mirco enterprises in the country.

  

• Fintech co Aye Finance aims to raise up to Rs 400 cr equity

  This will be the first equity expansion by the company after the Covid-19 pandemic, chief executive Sanjay Sharma said.

  

• Aye Finance appoints Mayank Thatte as CFO

  He brings to Aye a broad understanding of all aspects of corporate finance, treasury, MIS, and accounting, and will be in charge of improving financial and regulatory reporting as well as driving operational and digital transformation.

  

• Aye Finance appoints new CTO

  Gaurav Khurana joins Aye Finance from Hero Housing Finance.